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IC Markets

  • #661
  • May 16, 2014 7:02am May 16, 2014 7:02am
Quoting ZiggyL
I have read this thread with great interest as I am trying to find a good and reliable broker. I read some good stuf about IC Markets and some not so good stuf (especially from 'Connected'). I have a couple of question about this broker and I hope somebody can answer them:
IC Markets is one of those few broker who have 4/5 stars ratings at forex peace army. The guy you referred has been banned from this forum due to spamming.

Quoting ZiggyL
What is the best (cheap) way to deposite and withdraw to IC Market (from EU)?
There are many ways to deposit and Withdraw money to IC Markets. IMO, The best option is using ATM Debit / Credit card or via Bank Wire.
Neteller is also the second best possibility. See Funding Details

Quoting ZiggyL
Can I use i.e. PayPal? When I put an stop loss with the cTrader and a place e order, does the stop order, trailing stop, Limit Order etc. execute even if my PC is shutdown or has no connection with the server?
Paypal is a very bad option for funding and it is not supported by majority of brokers.
Yes, Stop Loss and Take Profit execute automatically for both MT4 and Ctraders accounts. Trailing stop need your computer and trading software to remain open to execute it. Alternatively you use a VPS for using this feature.

Quoting ZiggyL
Are there any trading restrictions?
IC Markets has no trading restrictions. Scalping, Hedging, EA Robot Trading, Indicators etc every thing is allowed.

Quoting ZiggyL
Can I lose more money than I put into my account?
No, IC Markets allow flexible leverage from 1:1 to 500:1 so you can change leverage anytime you need to adjust risk. You can also create multiple accounts and divide your capital for different strategies.

Quoting ZiggyL
Thnx in advance ZiggyL
You can also receive IC Markets Real Time Commission Discount from our IB's website.
Real Time Discounts for IC Markets. Partner ID = 1695
  • #662
  • May 16, 2014 7:52am May 16, 2014 7:52am
. I would like to know from different forex traders how they prepare for the next day trading?[/quote]


I use the following references
http://www.forexnews.com/
This site (forexfactory.com)
forexpeacearmy.com
investing.com
I find it gives me a broad view/s of the market. Dont get bogged down in detail, there is tons of info out there, most of it will just clog you up. I also use a mix of chart indicators and news/references/research to make my trades, and a gut feel. Thats just me and every trader has their own opinion. Good Luck
  • #663
  • May 16, 2014 7:57am May 16, 2014 7:57am
Quoting Dbanga
. I would like to know from different forex traders how they prepare for the next day trading?
I use the following references http://www.forexnews.com/ This site (forexfactory.com) forexpeacearmy.com investing.com I find it gives me a broad view/s of the market. Dont get bogged down in detail, there is tons of info out there, most of it will just clog you up. I also use a mix of chart indicators and news/references/research to make my trades, and a gut feel. Thats just me and every trader has their own opinion. Good Luck[/quote]

There are different type of traders with different trading styles. You need to find you own trading style. Whatever you do the bottom line is how much money you make
Real Time Discounts for IC Markets. Partner ID = 1695
  • #664
  • May 16, 2014 8:01am May 16, 2014 8:01am
Quoting ZiggyL
Dbanga, thnx, for your replay and your suggestion. I am still struggling on finding the right moment to go into that trade (I have a demo account for about three weeks) and I am searching for some information 24 hours before the next day of trading. Does any one has any tips where can I find some good source of this information? I already followed a different courses about technical analysis (candle sticks, bollinger bands, MACD, RSI etc) but I find it that this is not enough without a solid preparation for the begining of next day trading. I would...

Sorry ahmerkhan, i was actually quoting Ziggyl re I would like to know from different forex traders how they prepare for the next day trading?[/quote]

  • #665
  • Edited 4:09pm May 16, 2014 3:21pm | Edited 4:09pm
Dbanga and ahmerkhan thanx both for your feedback.
  • #666
  • May 17, 2014 2:15am May 17, 2014 2:15am
i've been trading WTI and GLD with IC since April... very good imo.. very rare to get 'off quotes' plus spreads tignten up a lot after 10pm AEST

have not traded FX pair with them yet

just did a withdraw on friday processed very quickley all online no need for an email.. or W/D form (they piss me off)
  • #667
  • Edited 8:30pm May 17, 2014 6:09pm | Edited 8:30pm
Quoting lamode
{quote} thank for the heads up, i thought it's paid in the end of mth. Hm... I think i know where the problem is, sending email to Layzars
Hey Lamode! As we discussed, it does indeed seem that discounts were not automatically applied to the new account you were trading. Though ICM Support appears to have since enrolled it upon being contacted, I will be following up to make sure it has done so correctly, since normally all positions must be closed to apply discounted rates and you'd mentioned that there might still be open trades. In addition, I have arranged for ICM's Accounts department to reimburse you ASAP for all your commission discounts due during those two trading weeks.

That said, I'd like to remind my clients to contact me and ICM Support about the creation of any new accounts as soon as you're able so that I can personally ensure your commission discounts are getting applied to them. I can be reached anytime at [email protected]; I aim for a 24 business hour response time or less with respect to all client communications.

Quoting ZiggyL
Layzars. Thnx for your reaction.
NP! Was glad I could help; if you have any further questions, let me know.


@Dbanga: I usually look at the news feed from here or MyFXBook and deactivate my automated strategies accordingly when an event promises especially high market volatility.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #668
  • May 25, 2014 8:30pm May 25, 2014 8:30pm
Now consistently seeing sub 40 ms execution times between build 625 and ICM's new hardware and server from my VPS.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #669
  • May 31, 2014 7:15pm May 31, 2014 7:15pm
Quoting Dbanga
{quote} Sorry ahmerkhan, i was actually quoting Ziggyl re I would like to know from different forex traders how they prepare for the next day trading?


You can watch the latest webinar from IC Markets.
Start Your Trading Day like a Professional
Real Time Discounts for IC Markets. Partner ID = 1695
  • #670
  • Jun 4, 2014 12:13am Jun 4, 2014 12:13am
Quoting ahmerkhan
{quote} IC Markets is one of those few broker who have 4/5 stars ratings at forex peace army. The guy you referred has been banned from this forum due to spamming. {quote} There are many ways to deposit and Withdraw money to IC Markets. IMO, The best option is using ATM Debit / Credit card or via Bank Wire. Neteller is also the second best possibility. See Funding Details
Hello,
I have followed the link which give information about funding options. However 'Withdrawals' link is not click-able so I cannot see a page with specific modes of withdrawals.

My question is; does IC markets allow withdrawals to Moneybookers/Skrill or Neteller?
Thanks.
  • #671
  • Jun 4, 2014 8:46am Jun 4, 2014 8:46am
Quoting raindrop
{quote} Hello, I have followed the link which give information about funding options. However 'Withdrawals' link is not click-able so I cannot see a page with specific modes of withdrawals. My question is; does IC markets allow withdrawals to Moneybookers/Skrill or Neteller? Thanks.
You need to access withdrawals from your client portal once you have an account.
Moneybookers/Skrill is only available as a deposit option via Global Collect.
Neteller withdrawals are only available once you have made a deposit via Neteller and there are some conditions on Neteller withdrawals.
  • #672
  • Jun 29, 2014 2:30pm Jun 29, 2014 2:30pm
Quoting ahmerkhan
{quote} You can watch the latest webinar from IC Markets. Start Your Trading Day like a Professional
Hi ahmerkhan , if I use your IB are there any discounts on cfds ? thank you. T.
  • #673
  • Jun 29, 2014 3:35pm Jun 29, 2014 3:35pm
Quoting tinkerbelle
{quote} Hi ahmerkhan , if I use your IB are there any discounts on cfds ? thank you. T.
Yes, Discounts are also applicable for CFDs, you will pay 20% less commission for Forex and CFDs.
Futures Indices does not charge any commission fee.
Real Time Discounts for IC Markets. Partner ID = 1695
  • #674
  • Jul 3, 2014 9:35am Jul 3, 2014 9:35am
over all IC is a good broker, but I fail to understand why they dont invest on proper servers? I mean today prices got disconnected and I could take any trades for almost half an hour, whole move was passed and I was sitting on my hands, why they dont worh on this freezing issue? any one can explain this?

if this situation continue it will the business severely...
Team Trader
  • #675
  • Jul 3, 2014 5:14pm Jul 3, 2014 5:14pm
Quoting Sun-Trader
over all IC is a good broker, but I fail to understand why they dont invest on proper servers? I mean today prices got disconnected and I could take any trades for almost half an hour, whole move was passed and I was sitting on my hands, why they dont worh on this freezing issue? any one can explain this? if this situation continue it will the business severely...

To be honest IC Markets has no problem if people like to trade News announcement. ECN brokers earn from profitable traders those who remain in business for long term basis with growing capital and trading volume.

Recently they have added live server 3 and the execution is much faster then it was before. IC Markets has no spread widening issue during high impact news announcement as compared to many other brokers those who manipulate spread and clients never receive the actual price data. During high impact news announcement freezing happens just because the liquidity providers keep changing the BID/ASK price with tremendous speed and your MT4 client terminal need to send and receive that information to the server at real time. A good quality VPS service is recommenced to avoid routing delays.

IC Markets is trying their best efforts to deliver the best trading conditions all over the world.
Real Time Discounts for IC Markets. Partner ID = 1695
  • #676
  • Jul 22, 2014 1:36pm Jul 22, 2014 1:36pm
It's come to my attention that with the latest MT4 update there have been reports of freezing across many brokers including ICM.

I've been told that ICM will be undertaking to build a proxy network in order to address these issues.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #677
  • Jul 22, 2014 2:26pm Jul 22, 2014 2:26pm
International Market Makers= im markets
this is correct.
  • #678
  • Jul 22, 2014 2:40pm Jul 22, 2014 2:40pm
Quoting fxchallenger
International Market Makers= im markets this is correct.
This is Wrong
Real Time Discounts for IC Markets. Partner ID = 1695
  • #679
  • Jul 22, 2014 2:41pm Jul 22, 2014 2:41pm
Quoting ahmerkhan
{quote} This is Wrong
  • #680
  • Jul 22, 2014 3:49pm Jul 22, 2014 3:49pm
Quote
To be honest IC Markets has no problem if people like to trade News announcement. ECN brokers earn from profitable traders those who remain in business for long term basis with growing capital and trading volume.
Recently they have added live server 3 and the execution is much faster then it was before. IC Markets has no spread widening issue during high impact news announcement as compared to many other brokers those who manipulate spread and clients never receive the actual price data. During high impact news announcement freezing happens just...
Well part of running a good service is fore warning clients of updates and changes, NOT post follow up after, to explain why sh!t happens.

How hard is it to blanket email these days???
My comments are not to be taken as trading advice, not a financial advisor
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